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Press release from Business Wire

KB Home Debuts Latest Development in Dynamic Denver Neighborhood

<p> <b>Parkside Villas is the first of several KB Home communities scheduled to grand open over the coming months in the Colorado capital</b> </p>

Thursday, July 25, 2013

KB Home Debuts Latest Development in Dynamic Denver Neighborhood

10:00 EDT Thursday, July 25, 2013

DENVER (Business Wire) -- KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced the grand opening of Parkside Villas in Denver, an exclusive collection of paired homes situated in one of the city's more established southeast neighborhoods. Conveniently located at the corner of Florida Avenue and Dayton Street, KB Home's Parkside Villas offers home shoppers the unique opportunity to own a brand new Built to Order™ KB home in a desirable urban setting.

The grand opening of KB Home's Parkside Villas follows the successful debut earlier this year of another metro Denver KB Home community, Stapleton Conservatory Green. KB Home has been aggressively expanding its operations both in Denver and nationally as demand for its new homes continues to rise.

“It's been an exciting year for KB Home in Denver as our homebuilding activities have accelerated, and we're looking forward to delivering the American dream of homeownership to even more Coloradans at Parkside Villas,” said Matt Mandino, president of KB Home's Colorado division. “It's because of KB Home's application of extensive market knowledge and the ongoing execution of our growth strategies that we are able to offer choice projects like Parkside Villas to home shoppers, and we're eager to continue the momentum we've established in Denver with the opening of several more KB Home communities this year.”

KB Home is currently open for new home sales at 10 Denver-area locations, with three more KB Home communities, Sweetgrass in Dacono, Lyons Ridge in Morrison, and Westwoods Mesa in Arvada, all expected to welcome home shoppers this fall.

At KB Home's Parkside Villas paired home community, premiering this weekend, there are four two-story floor plans available that range between 1,443 to 1,682 square feet with options for a basement. The Built to Order homes are attractively priced from the $260,000s and can include up to four bedrooms, two-and-a-half baths, and two-car garages. KB buyers are able to customize their home with the help of professional design consultants at the KB Home Design Studio, where they can choose from décor choices and finishes like cabinets, countertops, flooring and more, to create a home that reflects their style.

The distinctive KB home designs at Parkside Villas feature open great rooms, luxurious bedroom suites, and convenient second-floor laundry rooms. Externally, elegant stone facades add to the homes' aesthetic appeal and private side yards create a low-maintenance space for entertaining and pets. Homeowners at Parkside Villas will enjoy easy access to nearby outdoor recreation areas such as the High Line Canal and Cherry Creek Reservoir.

Like all new KB homes, those available at Parkside Villas are ENERGY STAR® certified, with built-in water- and energy-saving features that can potentially reduce utility bills for KB homeowners.

The grand opening of Parkside Villas is scheduled for this Saturday and Sunday, July 27 and 28. Guests can be among the first to tour the new model homes, enjoy complimentary food and refreshments, and enter a prize giveaway. More information about Parkside Villas, and other KB Home communities, is available online at www.kbhome.com, or by calling 888-KB-HOMES.

About KB Home
KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

KB Home
Craig LeMessurier, 925-580-1583
clemessurier@kbhome.com

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